Mumbai: The Kochi Tuskers Kerala IPL franchise has been terminated by the BCCI for breaching its terms of conditions, the new board president N Srinivasan has said after the annual general meeting in Mumbai.
"Because of the irremediable breach committed by the Kochi franchise, the BCCI has decided to encash the bank guarantee in their possession and also terminate the franchise," Srinivasan said. When asked if the franchise had any chance of return, Srinivasan responded: "No, we have terminated the franchise because the breach is not capable of being remedied." (Related: Franchise threatens BCCI with legal action)
The BCCI also appointed Rajiv Shukla as the new IPL chairman, succeeding Chirayu Amin, and said that the league's governing council would take a decision on whether to have a another auction for a new franchise.